Oil subsidy: EFCC recovers N5bn

The Economic and Financial Crimes Commission (EFCC) says it has recovered about N5billion from individuals and organizations being prosecuted over the fuel subsidy scam. The spokesman of the EFCC Wilson Uwujaren,  revealed in Abuja during a town hall meeting on Fuel Subsidy, organized by Africa Network of Economic and Environment Justice (ANEEJ) in collaboration with […]

The Economic and Financial Crimes Commission (EFCC) says it has recovered about N5billion from individuals and organizations being prosecuted over the fuel subsidy scam.

The spokesman of the EFCC Wilson Uwujaren,  revealed in Abuja during a town hall meeting on Fuel Subsidy, organized by Africa Network of Economic and Environment Justice (ANEEJ) in collaboration with Justice for All (J4A).

According to Uwujaren, “the EFCC is currently prosecuting 13 different oil subsidy cases; while investigations are on to bring other indicted persons or companies to justice.”

He also said the EFCC presently has a section charged with investigation of oil subsidy matters and other extractive industries issues.

Uwujaren while thanking the organizers of the programme for their initiative said, “As a Commission, we welcome any initiative that draws public attention to the monumental fraud that we have in the oil subsidy regime”.